SEC News Digest

ENFORCEMENT PROCEEDINGS

Commission Revokes Registration of Securities of Zenith Holding Corp. for Failure to Make Required Periodic Filings

On May 4, the Commission revoked the registration of each class of registered securities of Zenith Holding Corp. (Zenith) for failure to make required periodic filings with the Commission.

Without admitting or denying the findings in the Order, except as to jurisdiction, which it admitted, Zenith consented to the entry of an Order Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to Zenith finding that it had failed to comply with Section 13(a) of the Securities Exchange Act of 1934 (Exchange Act) and Rules 13a-1 and 13a-13 thereunder and revoking the registration of each class of Zenith's securities pursuant to Section 12(j) of the Exchange Act. This order settled the proceedings brought against Zenith Holding Corp. in In the Matter of X-Ramp.com, Inc., et al., Administrative Proceeding File No. 3-13450.

Brokers and dealers should be alert to the fact that Exchange Act Section 12(j) provides, in pertinent part, as follows:

No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked . . . .

SELF-REGULATORY ORGANIZATIONS

Immediate Effectiveness of Proposed Rule Change

A proposed rule change filed by NASDAQ OMX PHLX (SR-Phlx-2009-39) relating to Trading Post/Booth and Registration fees has become effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of May 4. (Rel. 34-59852)